Whilst the broader market closed moderately higher, there was notable strength in a fair number of commodity/energy related stocks. Consol Energy (CNX) and Freeport McMoran (FCX) settled higher by a very significant 10.1% and 5.3% respectively. Near term outlook is bullish into January 2016.
Suffice to add... sig' net daily gains, although the broader trend remains powerfully bearish.
*It would seem unlikely Oil has seen a key multi-year floor at today's new low of $36.38. The 32/30 zone looks viable in first half of 2016.
If that is the case, most energy/oil stocks will be highly vulnerable to renewed downside, even if the broader market is cruising into sp'2200/300s.
*no position, not least in the coal miners, a sector that remains under direct attack from the US govt'.